How far apart are average list-to-sell prices, and what does that say about the market? Are properties really decreasing their days on market?
LeapRE pulled data from the MLS to find the average list price, sales price and days on market for each year from 2008 through 2012 for all of Chicagoland. In terms of the average days a property will be on the market, the averages decrease year to year, from 195 in 2008, to 106 in 2012.
The average list and sales prices have also decreased for Chicagoland counties through the years, but the data should show a different story for 2013.